Barfresh Food Group (NASDAQ:BRFH) Raised to “Hold” at Zacks Research

Barfresh Food Group (NASDAQ:BRFH) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, Weiss Ratings downgraded shares of Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Barfresh Food Group Price Performance

Shares of NASDAQ BRFH opened at $0.62 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.31 and a debt-to-equity ratio of 4.41. Barfresh Food Group has a twelve month low of $0.56 and a twelve month high of $3.50. The stock has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.79. The stock has a market cap of $10.11 million, a P/E ratio of -2.70 and a beta of 0.76.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Barfresh Food Group had a negative net margin of 17.88% and a negative return on equity of 295.15%. On average, research analysts forecast that Barfresh Food Group will post -0.27 earnings per share for the current year.

Insider Buying and Selling at Barfresh Food Group

In other news, CFO Lisa Roger sold 25,329 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1.10, for a total value of $27,861.90. Following the transaction, the chief financial officer owned 46,414 shares of the company’s stock, valued at approximately $51,055.40. The trade was a 35.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.70% of the company’s stock.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes frozen, ready-to-blend beverage products for the foodservice industry. Its offerings include smoothies, shakes, frappes and frozen cocktail beverages, with products designed to simplify preparation and provide consistent portioning and quality.

The company’s products are marketed primarily to restaurants and other commercial foodservice operators, including hospitality, convenience and institutional customers. Barfresh’s preparation systems are intended to reduce the labor, storage and ingredient-management requirements associated with making blended beverages from scratch.

Barfresh serves customers through foodservice distribution and direct commercial relationships, with its business focused primarily on the United States and selected international markets.